Oscar Health (OSCR)
Offers ACA individual-market health plans, ICHRA coverage, and enrollment technology.
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Sells ACA individual-market health plans, including employer-funded ICHRA coverage, and earns most revenue from premiums. An internally built insurance platform supports member navigation and plan operations, while +Oscar, Lucie Health Marketplace, Trove Group, and HealthInsurance.org extend its technology, enrollment, brokerage, and lead-generation capabilities.
Offers Affordable Care Act health plans to individuals, families, and employees using employer-funded ICHRAs across multiple U.S. states, with enrollment concentrated in Florida and Texas. Most revenue comes from insurance premiums; +Oscar sells Campaign Builder engagement technology to providers and payors.
Runs member navigation, utilization management, claims, billing, and benefits on an internally built cloud platform. Lucie Health Marketplace handles plan shopping and enrollment; Trove Group sells individual medical and supplemental coverage; HealthInsurance.org provides education and leads.
Results depend on pricing medical risk, managing claims and risk adjustment, maintaining provider networks, and meeting federal and state rate, capital, and medical-loss-ratio rules. Market participation is renewed annually, and federal advance tax credits fund most premium receipts.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Raymond James | Reiterate | Rating: —Target: $30 | Target: $42 |
| Sep 17, 2026 | Piper Sandler | Reiterate | Rating: —Target: $36 | Target: $48 |
| Sep 17, 2026 | Robert W. Baird | Target | Target: $27 | Target: $33 |
| Sep 17, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $30 | Target: $34 |
| Sep 17, 2026 | Barclays | Reiterate | Rating: —Target: $39 | Target: $49 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $8.56B · Total debt $431.6M · Total assets $11.23B · Shareholders' equity $2.05B
- Revenue
- $4.88B
- Operating income
- $383.0M
- Net income
- $361.8M
No dividends on record.
| Institutions | 66.44% | 200.30M shares | |
|---|---|---|---|
| 443 holders · as of Jun 30, 2026 | |||
| Insiders | 27.02% | 81.46M shares | |
| 18 holders · as of Sep 18, 2026 | |||
| Strategic holders | 2.05% | 6.18M shares | |
| 1 holder · as of Sep 18, 2026 | |||
| Other | 4.49% | 13.55M shares | |
| remainder | |||
301.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (301.49M in the company's Sep 22, 2026 report, 259.27M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Joshua KushnerInsider | 12.45% | 37.53M | filed Sep 18, 2026 |
Joshua Kushner1Insiderdirector, 10 percent owner, officer: Co-Founder and Vice Chairman | 9.70% | 29.25M B | filed Sep 18, 2026 |
BlackRock, Inc.Institution | 6.83% | 20.59M A | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 4.32% | 13.04M A | as of Jun 30, 2026 |
D. E. Shaw & Co., Inc.Institution | 4.19% | 12.64M A | as of Jun 30, 2026 |
- Joshua Kushner reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Janet Liang | officer: President, Oscar Insurance | −10,360 | $31.45 |
| Sep 3, 2026 | Mario Schlosser | director | −31,422 | $31.45 |
| Sep 3, 2026 | Adam McAnaney | officer: Chief Legal Officer | −9,092 | $31.45 |
| Sep 3, 2026 | Richard Scott Blackley | officer: Chief Financial Officer | −28,869 | $31.45 |
| Sep 3, 2026 | Victoria Baltrus | officer: Chief Accounting Officer | −958 | $31.45 |
- Centene
Ambetter is the largest ACA marketplace rival
- Elevance Health
Anthem and Wellpoint overlap in ACA public exchanges
- UnitedHealth Group
UnitedHealthcare pressures exchange pricing and networks
- Molina Healthcare
Medicaid-style cost control overlaps in marketplace plans
- Cigna
Cigna is a smaller but current ACA exchange peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oscar Health | $30.34 | −3.04% | $8.11B | 22.4 | 14.3 | 0.5 | +67.2% |
| Centene | $63.73 | −1.94% | $32.10B | — | 14.1 | 0.2 | +9.9% |
| Elevance Health | $402.70 | −1.61% | $88.77B | 18.2 | 14.8 | 0.4 | +0.8% |
| UnitedHealth Group | $373.99 | −0.95% | $342.88B | 24.3 | 17.5 | 0.8 | +0.4% |
| Molina Healthcare | $191.79 | −3.04% | $10.33B | 1,041.1 | 27.2 | 0.2 | −4.8% |
| Cigna | $274.76 | +0.11% | $72.53B | 11.4 | 8.7 | 0.3 | +6.6% |
| Median | 21.2 | 14.8 | 0.3 | +0.8% |